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Chapter 4
| Exponential growth/decay function | a(1+r)^x OR ab^x |
| Compound Interest Formula | f(t)= a(1 + r/k)^kt |
| k value annually? quarterly? Monthly? Semiannually? Daily? | k= 1, 4, 12, 2, 365 |
| Annual percentage yield formula | APY= (1+r/k)^k -1 |
| Continuous Growth Formula | f(x) = ae^rt |
| What does e mean? | Eular number = abount 2.718 |
| Long run behavior In exponential function where b> 1 | x approaches infinity, f(x) approches infinity x approaches negative infinity, f(x) approaches 0 |
| Long run behavior In exponential function where 0<b<1 | x approaches infinity, f(x) approches 0 x approaches negative infinity, f(x) approaches infinity |
| vertical translation of exponential function | y= 2^x = K |
| horizontal translation of exponential function | y = 2^(x-h) |
| vertical stretch of exponential function | y = af(x) a= b> 0 (no fraction) |
| vertical compression of exponential function | y = af(x) a= 0<b<1 |
| horizontal stretch of exponential function | y = f(1/b(x)) b>0 (makes fraction) |
| horizontal compression of exponential function | y = f(1/b(x)) 0<b<1 (makes whole number) |
| Reflection across x-axis of exponential function | y= -f(x) |
| Reflection across y-axis of exponential function | y= f(-x) |
| Exponential property of log | logₐ mn = n logₐ m |
| Inverse property of log | alogₐ x = x |
| Sum of logs property | logₐ mn = logₐ m + logₐ n |
| Difference of logs property | logₐ m/n = logₐ m - logₐ n |
| Change of base log property | logb a = (log꜀ a) / (log꜀ b) |
| Conversion between periodic and continuous growth rate | 1 + r = e^k |
| half life formula | 1/2 = b^t or 1/2= e^rt |
| doubling time formula | 2 = b^t or 2= e^rt |